Ottawa, February 11, 2014 — Canada’s Citizenship and Immigration Minister Chris Alexander today welcomed measures in Economic Action Plan (EAP) 2014 to build a faster, more flexible immigration system that makes real contributions to Canada’s long-term prosperity.
EAP 2014 announced the government’s intent to terminate the federal Immigrant Investor Program (IIP) and Federal Entrepreneur (EN) Program, eliminate a large and longstanding backlog of applications, and pave the way for new pilot programs that will actually meet Canada’s labour market and economic needs.
The current IIP provides limited economic benefit to Canada. Research shows that immigrant investors pay less in taxes than other economic immigrants, are less likely to stay in Canada over the medium- to long- term and often lack the skills, including official language proficiency, to integrate as well as other immigrants from the same countries.
Eliminating the IIP and EN programs - and the associated backlog of applications – will allow the government to focus on attracting experienced business people and raising investment capital that is of maximum benefit to Canada’s economy.
The government will replace these programs with more focused and effective pilot programs that will ensure that immigrants who come to Canada deliver meaningful benefits to our economy. This will complement CIC’s Start-Up Visa, enabling Canada to remain competitive in the global economy. Details of the new pilots will be announced in the coming months.
“Our government is focused on attracting experienced business people and raising investment capital that will contribute to our economic success over the long term. Our government will continue to focus on economic immigration programs that make sense for Canada by ensuring our economic and labour market needs are being met now and into the future.
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Chris Alexander, Canada’s Citizenship and Immigration Minister
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Photos of Minister Alexander are available.
For further information (media only), please contact:
Alexis Pavlich
Minister’s Office
Citizenship and Immigration Canada
613-954-1064
Media Relations
Communications Branch
Citizenship and Immigration Canada
613-952-1650
CIC-Media-Relations@cic.gc.ca
Building a stronger Canada: Citizenship and Immigration Canada (CIC) strengthens Canada’s economic, social and cultural prosperity, helping ensure Canadian safety and security while managing one of the largest and most generous immigration programs in the world.
